Using a supply and demand graph,how would you explain the cause of the price increase of Florida oranges in the 2005-2006 season?
A)an increase in demand
B)an increase in supply
C)a decrease in demand
D)a decrease in supply

Question

Quizplus · Accepted Answer

The price increase of Florida oranges in the 2005-2006 season was primarily due to a decrease in supply, likely caused by factors such as hurricanes damaging crops, which reduced the quantity of oranges available in the market, leading to higher prices.

Using a Supply and Demand Graph,how Would You Explain the Cause